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NUROL HOLDING INC. CODE OF GOVERNANCEDocument Code : NH-YS-YK-02Publication No : 03Publication Date : 03.03.2025Page No : 15/18t) Risk Management1. NUROL ensures that effective risk management is implemented for all kinds of issues, for the possibility of risk occurrence, for the consequences of the risk before it occurs, and for the purpose of effectively dealing with the problems if it occurs.2. This policy covers monitoring, identification, analyzing, assessment, mitigation and reporting of the risk.u) Operational Assurance Statement1. The operational assurance process is a process carried out by the Board of Directors at Nurol Holding Inc. level, and by the relevant General Manager at the GroupCompanies level. It provides control and assurance regarding the compliance with NUROL%u2019s Code of Governance.2. Within the scope of operational assurance policy, NUROL conductsobservation audits in Group Companies at the end of each year to measure compliance with the Code of Governance with the checklists prepared by the Holding%u2019s Internal Audit Department. The results are reported to the Ethics and Compliance DisciplinaryCommittee.3. In the event that violations of, or non-compliance with the Code of Governanceare detected as a result of the audit, Holding%u2019s Board of Directors and the General Manager of the relevant Group Company are immediately notified by the Ethics and Compliance Disciplinary Committee.v) Social Responsibility and Volunteering1. Improvement and the efforts of its employees have contributed greatly to NUROL%u2019s development and more significant achievements. 2. NUROL employees voluntarily participate in the activities chosen for the advancement of NUROL. One of the main duties of employees is to improve and renew themselves without confining themselves to the execution of their works and tasksassigned to them.3. NUROL, in all its activities, acts for the benefit of society. No pressure is imposed on others to participate in specific charity works and social groups.w) Economic Sanctions and Anti-Money Laundering 1. NUROL conducts its business activities in accordance with the laws and regulations of the Republic of T%u00fcrkiye, as well as the regulations and standards of international treaties to which the Republic of T%u00fcrkiye is a signatory, international organizations of which T%u00fcrkiye is a member or candidate (North Atlantic Treaty Organization - NATO, United Nations - UN, European Union - EU, Council of Europe - EC, BASEL Committee, Financial Action Group - FATF and Wolfsberg Group) related